Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2017, the company incurred the following costs. Variable Costs per Unit $7.88 $3.62 Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expenses $6.09 $4.10 Fixed Costs per Year Fixed manufacturing overhead Fixed selling and administrative expenses $241,960 $220,605 Siren Company sells the fishing lures for $26.25. During 2017, the company sold 80,000 lures and produced 92,000 lures. Assuming the company uses variable costing, calculate Siren's manufacturing cost per unit for 2017. (Round answer to 2 decimal places, eg. 10.50.) Manufacturing cost per unit $ 21.69 e Textbook and Media SIREN COMPANY Income Statement For the Year Ended December 31, 2017 Variable Costing Sales 2100000 Variable Cost of Goods Sold Variable Selling and Administrative Expenses Contribution Margin Fixed Manufacturing Overhead Fixed Selling and Administrative Expenses Net Income/(Loss) e Textbook and Media Assuming the company uses absorption costing, calculate Siren's manufacturing cost per unit for 2017. (Round answer to 2 decimal places, e.g. 10.50.) Manufacturing cost per unit $ e Textbook and Media Prepare an absorption costing income statement for 2017. (Enter negative amounts using either a negative sign preceding the number eg.-45 or parentheses e.g. (45).) SIREN COMPANY Income Statement For the Year Ended December 31, 2017 Absorption Costing Sales Cost of Goods Sold Gross Profit Variable Selling and Administrative Expenses Fixed Selling and Administrative Expenses Net Income/(Loss) e Textbook and Media